Given the following marginal cost values ​​for a given asset, determine the equivalent uniform annual cost for the first three years and identify the minimum cost life. Use an interest rate of 10%. Year Marginal

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Given the following marginal cost values ​​for a given asset, determine the equivalent uniform annual cost for the first three years and identify the minimum cost life. Use an interest rate of 10%.

Year

Marginal cost of existing asset

1

$3,500

2

$3,150

3

$3,400 

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